The VA loan "Snowball"?

[Daniel Dealmeida]

Good afternoon BP Forums! 

My wife & I are both U.S military veterans with access to the VA loan. I used my VA loan to purchase our primary residence for $240,000 back in 2020. Now that we've spent about the last 12 months studying & working up the courage to dive into real estate investing, we come to the BP forums for more guidance lol!

I would like to know if anyone knows if we could buy another primary using my wife's VA Loan & rent our current single family home, then just repeat the process yearly (alternating) to grow our portfolio? 

Our market is getting quite competitive (Savannah, GA / Lowcountry, SC) so we've also thought of tapping into the equity in our primary (~$90,000) to expand into this world of REI.

Sincerely, 

- analysis paralysis rookie looking to fly!   Thanks y'all!